Productivity
Also known as "labor productivity" or "worker productivity"; value of goods and services produced in a period of time, divided by the hours of labor used to produce them.
Productivity
Related Category: Economics: Terms and Concepts
in economics, the output of any aspect of production per unit of input.
Productivity
The value of output (goods and services) produced per unit of input (productive resources) used.
Productivity improvements can also take place in service sector industries, as they have recently in wholesale and retail trade and securities trading. Some of our greatest challenges and opportunities lie in the service sector.
productivity
measured relationship of the quantity and quality of units produced and the labor per unit of time. For example, an increase in productivity is achieved through an increase in production per unit of labor over time.
See also productive ...
Labor Productivity
Definition: Ratio of real output per unit of labor input.
The productivity for achieving one of these things, he argued, could be judged based on the speed with which it is accomplished, and the cost required to finish the job.
[edit] Significance ...
working capital productivity - Related Articles
Working Capital Productivity
Calculations ...
Productivity: Broadly speaking, the efficiency with which people and capital are combined in the economy. This definition of productivity is called Total Factor Productivity.
Productivity in the Machining Department
Our first goal is to determine how much work got done in the Machining Department. We measure the output in terms of units.
Productivity
output per unit of input, usually measured as output per hour of labor.
program budgeting ...
Productivity
A measurement of the efficiency of production.
Promissory Note ...
Productivity
Relative measure of output of labour hour or machine hour.
Profit Centre ...
Productivity
The relationship between inputs and OUTPUT, which can be applied to individual FACTORS OF PRODUCTION or collectively.
Productivity
The amount of output per unit of input, such as the quantity of a product produced per hour of capital employed.
Profit ...
Productivity (economic productivity, efficiency). Output of goods and services per unit of input- for example, per unit of labor (labor productivity), per unit of energy (such as GNP per unit of energy use), ...
productivity curve a relationship stating the output per hour of work for each amount of capital per hour of work in the economy. (23ap) ...
Productivity
The amount of output per worker used as a measure of efficiency with which people and capital are combined in the output of the economy.
Productivity
Professional in Human Resources (PHR)
Professional Reinsurer ...
Productivity ratio - Shows the ratio of outputs as compared to inputs. The closer to 1:0, the higher the productivity, the closer to 0:0, the lower the productivity.
Labour productivity Total real domestic output (real GDP) divided by the number of workers (output per worker).
productivity
comparative advantage
u.s. competitiveness
global economy
Definition: A competitive advantage is what distinguishes you from your competition.
Productivity
lot size and run length
scheduling and queuing theory
operations research
experience curve effects ...
Productivity tends to fall in the early stages of a recession, then rises again as weaker firms close. The variation in profitability between firms rises sharply.
Productivity
Economic production per worker.
Prospectus
Legal document that sets forth the details about securities issued to the public by a business corporation or other legal entity.
Productivity The amount of physical output for each unit of productive input.
R
Recession A significant decline in general economic activity extending over a period of time.
Labor Productivity
A measurement of economic growth of a country. Labor productivity measures the amount of goods and services produced by one hour of labor.
Labor productivity in efficiency wage models is positively related to wage.
MARGINAL PRODUCTIVITY THEORY
A theory used to analyze the profit-maximizing quantity of inputs (that is, the services of factor of productions) purchased by a firm in the production of output.
Dave Allen, productivity consultant and author of Getting Things Done, explains how to organize information by using capture tools like digital or paper notes to get it outside your head and onto your to-do list.
Toddlers and productivity: top 3 ways to make it work
It almost sounds too good to be true, work-at-home while at the same time taking care of your small children?
Labour Productivity - Canada The average productivity level of Canadian workers. Labour Productivity is calculated... ladder strategy A strategy that seeks to reduce interest rate risk by creating a portfolio with...
Labor productivity
The value of output per unit of labor input. The reciprocal of the unit labor requirement.
Labor right
See labor standard.
Labor-saving ...
Step 1-Property Productivity Analysis: Physical, Legal and Location Attributes
Step 2-Market Delineation: Competitive Market Area
Step 3-Demand Analysis: Demand Segmentation, Historical Growth & Demand Drivers ...
The Greek crisis is the result of the negative business cycle over the last years, of the sluggish economic environment and poor productivity, but most of all is the product of mismanagement of public funding and unsatisfactory reporting practices.
Total Factor Productivity
The efficiency with which people and capital are combined in the output of the economy. Productivity gains lead to improvements in the standard of living, because as labour, capital, etc.
Increase in productivity - When the same amount of an output can be produced with fewer inputs; more output can be produced with the same amount of inputs; or a combination of the two.
Diminishing return, or the law of diminishing return, is an economic tenet, which provides that adding additional units of productivity beyond a certain threshold will incrementally regress production returns.
The World Bank's objectives are to help raise productivity and incomes and reduce poverty in developing countries. It was established in December 1945 on the basis of a plan developed at the Bretton Woods Conference of 1944.
Whereas labor productivity shows us how much output our economy gets per worker, unit labor costs show us how much output our economy gets relative to how much workers are paid.
Its purposes are to achieve fair and rising standards of living for the farm populations of member states, stable agricultural markets, increased farm productivity and food security within the Community.
When you factor in the increased productivity we are seeing that has been brought about by the surge in technology in the U.S. and the very real prospect of productivity continuing to grow at this rate for years as the U.
In short, office cubicles appear to improve worker productivity during the performance of "head down" tasks, such as word processing or filing, but could cause productivity problems whenever workers need to communicate freely with each other.
Because the introduction of new processes or techniques will improve productivity, more overall industry output becomes possible, driving down the price level.
The costs of importing machines to improve productivity is also lower with the high dollar (but replacing workers with machines hurts employment in the short term).
Kaizen - A philosophy that sees improvement in productivity as a gradual and methodical process. Kaizen is a Japanese term meaning "change for the better".
The argument is that paying workers a higher wage may lead to increased productivity from the worker. If a worker gets a relatively higher wage, he may feel more loyal and devoted to the company.
Some use it to measure the productivity of the country, in that it shows how much product was produced and sold. Others use it to measure the general health of the economy and the standard of living of those living in it.
There tends to be high unemployment, lower productivity, shrinking wages, and general economic pessimism.
Green technology helps to reduce adverse effects on the environment as well as improving productivity, efficiency and operational performance of the technology itself.
The Central Bank introduced an estimate of differentials in productivity growth between Chile and its trading partners as a new factor in the determination of the official reference exchange rate.
Two or more companies combined to achieve greater efficiencies of scale and productivity.
Definition: When productivity (output per person) is highest
Related glossary term:
Productivity ...
Innovation - Beyond the productivity levels, economic development also depends on the innovations' quantity and quality and here...
Employee achievement awards of tangible personal property that are awarded to an employee because of the employee's length of service (including retirement), productivity, or safety achievement, ...
seek to merge their individual agricultural programs into a unified effort to promote regional agricultural development, fair and rising standards of living for the farm population, stable agricultural markets, increased agricultural productivity, ...
Inflation: The rate at which the economy's general level of prices for goods and services rise without corresponding increases in productivity. Inflation is typically measured by reviewing the cost of a 'basket' of selected goods and services.
The main motive of any company is to maximize profit and this can be efficiently achieved by investing in new ventures as it will increase productivity and sales.
Because the largest expense area is typically personnel, the management report also calculates annual revenue per employee. Changes in these productivity measures can provide advanced notice regarding changes in staffing requirements.
Cash Management: Channeling available cash into expenditures that enhance productivity, directly or indirectly.
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 See also: Expense, Job, Saving, Banks, Inputs
  
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